Westcor Reports 2009 Financials
|April 1, 2010|
Winter Park, Fla.-based Westcor Land Title Insurance Co., a regional underwriter, reported $90.7 million in premiums written in 2009 compared to $45.6 million in 2008. This is a clear indication of the strength and perseverance of Westcor’s independent title agents, according to Mary O’Donnell, president and chief executive officer of Westcor.
“In these challenging times, we are proud to report positive and profitable financial results,” said Mary O’Donnell, president and chief executive officer of Westcor. “Our success is a direct result of our independent agents’ ability to consistently compete regardless of market conditions. It is this quality that identifies and differentiates our agents.”
Westcor’s 2009 year-end financial results report a net income of $2.3 million and an increase in market share in every state underwritten.
Licensed in 23 states with 10 new licenses pending, Westcor maintains six regional offices nationwide. Westcor’s aggressive selective growth is balanced by their quality agent selection criteria.